On Track

Outlook 11/22: Stock futures are flat on Friday, but the major U.S. averages remained on pace to post weekly gains. All three major averages are on track for a positive week, led by the Nasdaq's gain of 1.56%. Earnings reports were driving market action in extended trading. Shares of Gap jumped 15% after the company beat earnings estimates and hiked its full-year sales guidance. On Friday, investors will get a look at preliminary purchasing managers index reports for November, as well as an updated consumer sentiment reading.

ESZ24 (DEC2024): YVAH 5985 YPOC 5973 YVAL 5938 GAP 5970

/ES Plan: Yesterday market closed bullish (PBT 6042), but overnight continues looks more balanced moving within previous value/range, so these're the opening and initial balance options for current session:

A) If market moves above YPOC 5973 with bullish internals, buy towards HVE 5987 PBT 6042 and ATH-ETH pending 6053 magnet.

B) If market moves below YPOC 5973 with bearish internals, sell towards ONL 5941 YVAL 5938 HVE 5928 YLOD 5904 and HVE 5850.

Note: Market opens inside balance. Don't be 'too anxious'. You don’t have to be the first. Bad trades occur when you try to force things to happen. It's Friday and traders who have made losses that week will likely take large risks to try and end the week with a profit. Try to be calm and focus on the market rather than thinking about your account.

Market Movers

09:45 AM PMI Composite Flash

10:00 AM Consumer Sentiment

01:00 PM Baker Hughes Rig Count

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